According to a cryptocurrency experts panel, Ethereum’s price might surpass the flagship cryptocurrency this year, rising over 150 percent to $4,596, and its success could be such that one ether would be worth $17,810 by 2025.
The results are based on the average prognosis from 27 of the 42 experts questioned by Finder who predicted the cryptocurrency’s price. While the experts predict that the price of ETH would more than double this year, they also predict that by December 2025, it will be above $17,800, and by December 2030, it will have risen to $71,700.
An outlier expects ETH will trade at $1 million by then, skewing the subsequent price projection. According to the median price projection, Ethereum will trade for $20,000 in the near future. Former Goldman Sachs executive Raoul Pal predicted that ETH would surpass $20,000 this cycle based on Metcalfe’s Law earlier this year.
On Finder’s survey, Coinflip founder and chief advisor Daniel Polotsky predicted that ether would touch $4,000 by the end of the year, before surging to $64,000 by 2030, in line with the panel average. He stated in a statement that its pricing “largely tracks Bitcoin’s halving cycles, albeit that relationship may begin to decouple over time.”
According to Polotsky, when Ethereum develops use cases “that Bitcoin cannot achieve,” its price may rise faster than Bitcoin’s. Martin Fröhler, CEO of Morpher, and Pedro Febrero, head of blockchain at RealFevr, both believe ETH will reach $10,000 before the end of the year.
Ethereum has the “potential to power the future global financial infrastructure,” according to Fröhler. Despite all of its challengers, 93 percent of panelists believe ETH will eventually be more often transacted than the flagship cryptocurrency, and 56 percent believe it will maintain its supremacy in the decentralized finance (DeFi) field.
Both of these stances were backed by CoinSmart CEO Justin Hartzman. Hartzman said in a statement:
People dislike transacting with BTC because it is primarily used as a store of value. Ethereum, on the other hand, has established a multibillion-dollar ecosystem, therefore ETH transactions will almost certainly be more frequent.
Regarding the so-called “flipping” – the likelihood that Ethereum would overtake Bitcoin as the most valuable cryptocurrency by market capitalization – 68 percent of respondents believe it will happen in the next five years, with 58 percent believing it will happen sooner.
Forrest Przybysz, a senior cryptocurrency investment analyst at Token Metrics, predicts ETH will reach $8,000 by the end of the year, and that the flipping will take place next year, in part due to Ethereum’s switch to Proof-of-Stake.